1

BACKGROUND

1. 1.1

   [Insert project name] involves the [placing OR Offer for subscription [and sale]] of new [and [certain] existing] Ordinary Shares in [insert name or code name for company] plc (the Company) and the admission of the new and existing ordinary shares to trading on AIM (AIM), a market operated by the London Stock Exchange (the LSE) (the IPO).

1. 1.2

   [Insert other details regarding the transaction]

2

INTRODUCTION

1. 2.1

   These publicity guidelines (the guidelines) aim to provide a brief introduction of the English law issues in respect of the release of any information and/or any publicity of any kind that is relevant to the IPO and/or the Company [[and OR ,] its subsidiaries (the Group)][and the Company's affiliates].

1. 2.2

   An IPO will usually involve publicity in various forms. In the period leading up to the IPO, you, as a director of the Company, must be careful in respect of the release of any information that is, or may be, relevant to the IPO.

1. 2.3

   The information concerned is broad in range and will include information:

   1. 2.3.1

      which may affect an investor's view of the Company, its business, finances and prospects; and

   1. 2.3.2

      about